The proposed investment in Climate Public-Private Partnership Fund (the Fund) involves: (i) equity investment of up to USD1,000,000 in a company to be formed to act as the general partner of the Fund, (ii) a proposed equity investment of up to USD1,000,000 in a company to be formed to act as a special limited partner of the Fund; and (iii) a proposed equity investment as a limited partner in the Fund of up to the balance of USD100,000,000, less the amounts contributed under items (i) and (ii).
| Project Name | REG: ASIA CLIMATE PARTNERS (ACP) L.P. | ||||
| Project Number | 45918-014 | ||||
| Borrower/Company | ASIA CLIMATE PARTNERS LP ASIA CLIMATE PARTNERS GP |
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| Country | Regional | ||||
| Location | Regional | ||||
| Approval Number | 7352 | ||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Private sector development |
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| Sector / Subsector |
Agriculture, natural resources and rural development - Land-based natural resources management - Rural solid waste management - Rural water supply services Energy - Energy efficiency and conservation - Energy sector development and institutional reform Finance - Infrastructure finance and investment funds Water and other urban infrastructure and services - Urban solid waste management - Urban water supply |
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| Gender Equity and Mainstreaming | |||||
| Responsible ADB Department | Private Sector Operations Department | ||||
| Responsible ADB Division | Private Sector Investment Funds & Special Initiatives Div | ||||
| Responsible ADB Officer | Teo, Yee Hean | ||||
| Project Sponsor(s) | DFID |
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| Description | The proposed investment in Climate Public-Private Partnership Fund (the Fund) involves: (i) equity investment of up to USD1,000,000 in a company to be formed to act as the general partner of the Fund, (ii) a proposed equity investment of up to USD1,000,000 in a company to be formed to act as a special limited partner of the Fund; and (iii) a proposed equity investment as a limited partner in the Fund of up to the balance of USD100,000,000, less the amounts contributed under items (i) and (ii). | ||||
| Objectives and Scope | |||||
| Linkage to Country/Regional Strategy | The funds and direct investments selected through the fund will have environmental impact and sustainability as key value drivers. As such, they are aligned with ADB's Strategy 2020, which seeks to reduce poverty and improve living conditions and quality of life by scaling up private sector development and supporting environmentally sustainable models through projects that aim to reduce greenhouse gas emissions and address climate change impacts. |
Safeguard Categories
| Environment | FI |
| Involuntary Resettlement | FI |
| Indigenous Peoples | FI |
Summary of Environmental and Social Aspects
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation |
Timetable for assistance design, processing and implementation
| Concept Clearance | 12 Sep 2011 |
| Due Diligence | 28 Nov 2011 |
| Credit Committee Meeting | 12 Dec 2011 |
| Approval | 15 Feb 2012 |
| PDS Creation Date | 13 Jan 2012 |
| Last PDS Update | 18 Jan 2012 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Climate Public-Private Partnership Fund | Reports and Recommendations of the President | Jan 2012 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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Investing in Asia Climate Partners
Asia Climate Partners (ACP) will undertake commercially oriented private equity investments across a variety of environmentally supportive, low-carbon transactions throughout Asia.